IFC, EIB Lead Annual Forum to Discuss Progress on the Finance Agenda for Small Businesses

Some dates and figures
Board of Governors
Board of Directors
Board Committee on Staff Remuneration
Board Committee on Risk Policy
Board Committee on Equity Participation Policy
Board Committee on Ethics and Compliance
Management Committee
Audit Committee
Control and Evaluation
Organisation Structure
Corporate Responsibility
Responsible Finance
Responsible Borrower
Our footprint
An employer of choice
Community engagement
Reporting on Corporate Responsibility
PART I: Profile
1. Strategy and Analysis
2. Organizational Profile
3. Report Parameters
4. Governance, Commitments, and Engagement
PART II : Management Approach
DMA-PS - Disclosure on Management Approach Product Portfolio
DMA EC - Disclosure on Management Approach EC
DMA EN - Disclosure on Management Approach EN
DMA LA - Disclosure on Management Approach LA
DMA HR - Disclosure on Management Approach HR
DMA SO - Disclosure on Management Approach SO
DMA PR - Disclosure on Management Approach PR
PART III: Performance Indicators
Product and Service Impact
Social : Labor Practices and Decent Work
Social : Human Rights
Social: Society
Social: Product Responsibility
Complaints mechanism
Initial Assessment
Our response
Admissibility timing
Procedure summary
How to complain
Fraud and Corruption
How to report fraud or corruption
Part of the EU family
Civil Society
Key policies and standards
Banking Community
Multilateral Development Banks
Working for the EIB
Professional and Managerial
Administrative and support
General Internships
FEMIP Internships Programme
EPTATF Internships Programme
Eastern Partnership Secondment Programme
The GRAD programme
Summer jobs for students
Selection Process
FAQ - Jobs
Hiring process
Candidate help
Current vacancies

IFC, EIB Lead Annual Forum to Discuss Progress on the Finance Agenda for Small Businesses

  •  Release date: 07 June 2012
  •  Reference: 2012-072-EN

IFC, a member of the World Bank Group, and the European Investment Bank today opened an annual forum of development finance institutions in Luxembourg to exchange knowledge on increasing access to financial services for small and medium enterprises and discuss progress in advancing the G-20’s SME finance agenda—a key priority for creating jobs and reducing poverty in developing countries.

The SME Finance DFI Meeting 2012 held by the SME Finance Working Group, a network of development finance institutions, is an annual meeting of policymakers, development practitioners, and private sector players to discuss successful SME finance models and agree on implementable actions to scale up sustainable SME finance and promote more business-friendly regulation and macro-level policy.

Access to financial services for small businesses and individuals remains a top priority for much of the developing world as 2.5 billion people still do not have formal financial services and 400 million small businesses lack the credit they need to grow—these enterprises account for nearly half the jobs created in developing countries.

“Generating employment and growth through support to SMEs is a critical priority for IFC, and  governments, the private sector, and donors all have a role to play in advancing the SME finance agenda,” said Peer Stein, Global Business Line Leader for IFC’s Access to Finance Advisory Services. “These annual meetings are indispensable platforms for reporting on progress, measuring results, and planning on next steps.”

“Ensuring funding for small-business investment and supporting the real economy are key priorities for EIB, and this engagement has been reinforced during the current economic crisis,” said Plutarchos Sakellaris, Vice President of the European Investment Bank. “We work closely with peer institutions to ensure the most effective support can be ensured and are glad to host this year’s meeting of development finance institutions and policymakers on SME finance to help strengthen joint cooperation to the benefit of entrepreneurs.”

The SME Finance DFI Meeting 2012 builds on last year’s meeting co-hosted by IFC and the French Agency for Development in Paris and, as such, reports on progress made on a number of key recommendations, including the creation of the new SME Finance Initiative and the SME Finance Forum.

Copyright © European Investment Bank 2013
The European Investment Bank is not responsible for the content of external internet sites.